Financial Stress: What Causes It, and How Do We Fix It? | The Mills Knows Bills Podcast | Episode 35, Season 4

Link to video podcast episode: https://youtu.be/D7V0md9U_Mk

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode of the MKB Podcast, Mills addresses common financial stresses faced by blue collar business owners, with a focus on cash flow management. She discusses the root causes of financial stress, short-term fixes such as cutting expenses and collecting overdue receivables, and long-term strategies like negotiating vendor prices, raising prices strategically, and improving team efficiency. Tune in to learn how to master your money, maintain a steady cash flow, and turn your business into a profitable asset.

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe to the MKB YouTube channel for the latest: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

00:53 Welcome Back: Addressing Business Owners' Financial Questions

01:22 Tackling Financial Stress for Blue Collar Business Owners

03:43 Common Cash Flow Mistakes and Solutions

06:59 Strategies for Maintaining Profitability Without Raising Prices

08:48 Conclusion and How to Get Help from Mills Knows Bills

#financialpodcast #millsknowsbills #podcast #mkb #entrepreneurialfinance #bluecollar #smallbusiness #variableincome

Common Struggles: Everyday Questions for MKB | The Mills Knows Bills Podcast Episode 34, Season 4

Link to video podcast episode: https://youtu.be/k2w8dg0jWKE

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills takes a conversational approach, and answers some of the common questions that she gets asked. Along with marketing team member Chloe, she discusses the challenges small business owners face with budgeting and offers tactical advice on establishing and maintaining personal and business budgets. The episode also outlines a step-by-step guide on how to review finances weekly, monthly, and quarterly, emphasizing the importance of proactive financial planning.

Do you have your own burning financial question for Mills or the MKB team?

Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe on YouTube for the latest from MKB: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

01:03 Today's Episode Structure

01:37 Common Financial Questions

02:35 Creating Accurate Budgets

05:05 Implementing Your Budget

05:31 Consistent Financial Reviews

09:32 Long-term Financial Planning

10:43 Conclusion and Next Steps

#financialpodcast #millsknowsbills #MKB #podcast #financialquestions #variableincome #smallbusinessfinance #entrepreneurfinances

Profit Margins: How to Raise Them | The Mills Knows Bills Podcast Episode 33, Season 4

Link to video podcast episode: https://youtu.be/G5bPVlgrgHw

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode of the MKB Podcast, Mills is once again joined by fractional CFO Christian Wilson. Together, they tackle a common financial challenge faced by variable income earners: understanding and improving gross profit margin. The pair offer practical advice on renegotiating costs and vendor relationships, strategies for scaling service businesses effectively, and emphasize the importance of aligning business goals with personal aspirations.

Tune in to get the insights you need to make an informed choice for your business. Subscribe for more from Mills Bender and MKB on YouTube: https://youtube.com/@MillsKnowsBills

Connect with Christian: Christian@MillsKnowsBills.com

Do you have your own burning financial question for Mills or the MKB team? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to Mills Knows Bills

00:49 Meet the Team and Today's Question

01:38 Understanding Gross Profit Margin

02:42 Improving Your Gross Profit Margin

06:26 Scaling Your Service Business

08:47 Aligning Business Goals with Personal Goals

10:53 Final Thoughts and Contact Information

#financialpodcast #podcast #millsknowsbills #entrepreneurialfinance #smallbusiness #variableincome #profitmargin #scalingbusiness

Pricing Strategy: Hurting Your Bottom Line? | The Mills Knows Bills Podcast Episode 32, Season 4

Link to video podcast episode: https://youtu.be/s7AID_xDs_0

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills welcomes back fractional CFO Christian Wilson to discuss your business's pricing strategy, and how it may be hurting your bottom line. The pair discuss factors that should be included in your pricing decisions, and how those prices may reflect on the products and services being offered. They also address the financial difficulties of slow seasons, and how to keep from running out of money.

Tune in to get the insights you need to make an informed choice for your business. Subscribe on YouTube for more from MKB: https://youtube.com/@MillsKnowsBills

Connect with Christian:

Christian@MillsKnowsBills.com

Do you have your own burning financial question for Mills?

Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to The Mills Knows Bills Podcast

01:02 Meet Mills' Special Guest: Christian Wilson

01:25 The Burning Financial Question: How Is My Pricing Strategy Affecting My Bottom Line?

05:45 Follow-up Question: Why Do I Run Out of Money During Slow Seasons?

10:43 Episode Wrap-Up and Contact Information

#financialpodcast #millsknowsbills #entrepreneurialfinance #variableincome #smallbusiness #pricingstrategy #bottomline

Should You Lease or Buy Your Business Vehicle? | The Mills Knows Bills Podcast Episode 31, Season 4

Link to video podcast episode: https://youtu.be/ymKq9lK6QKc

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills is joined by MKB CFO Jen Fizer and special guest Kenney Baez, owner of a wildlife removal and pest control business. They discuss the financial implications of leasing vs. owning business vehicles. The conversation covers hidden costs, tax considerations, and how to make the best decision based on your current financial situation. Tune in to get the insights you need to make an informed choice for your business.

Subscribe on YouTube for the latest from the MKB Podcast, Mills Knows Bills, and CEO Mills Bender!

To connect with Kenney and Freedom Wildlife:

Website: https://freedomwildlife.com/

Connect with Jen:

Jen@MillsKnowsBills.com

Do you have your own burning financial question for Mills?

Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to Mills Knows Bills

01:37 Meet the Guest: Kenney Baez

02:14 Leasing vs. Owning a Company Vehicle

03:09 Financial Considerations and Advice

05:45 Pros and Cons of Leasing

11:52 Final Thoughts and Contact Information

#financialpodcast #millsknowsbills #entrepreneurialfinance #variableincome #smallbusiness #podcast

How to Improve Cash Flow for Your Business | The Mills Knows Bills Podcast Episode 30, Season 4

Link to video podcast episode: https://youtu.be/hUS_kUScNYk

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills discusses strategies for managing cash flow with her guests, fractional CFOs Christian Wilson and Jen Fizer. The episode covers key topics such as understanding cash flow statements, projecting cash flow, and solutions to cash flow problems. The trio share insights on controlling expenses, increasing revenue, and leveraging accounts receivables. They also highlight the importance of having an emergency fund. The episode aims to help business owners with fluctuating income avoid financial pitfalls and achieve their financial goals.

Subscribe on YouTube for the latest from the MKB Podcast, Mills Knows Bills, and CEO Mills Bender!

To connect with Jen and Christian:

Jen@MillsKnowsBills.com

Christian@MillsKnowsBills.com

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to Mills Knows Bills Podcast

01:02 Meet the Team: Special Guests Jen and Christian

02:32 Understanding Cash Flow Issues

05:04 Strategies to Improve Cash Flow

09:30 Building a Safety Net for Future Cash Flow

11:52 Conclusion and Contact Information

#financialpodcast #millsknowsbills #podcast #entrepreneurfinances #smallbusiness #variableincome #cashflow

Why Your Company Isn't Profitable, and How to Fix It | The Mills Knows Bills Podcast, Season 4

Link to video podcast episode: https://youtu.be/IEg9zy6NV3U

Welcome to the Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills is joined by MKB team member Jen Fizer, a seasoned CFO with over a decade of experience. They dive into a pressing question from a listener: "Why is my company not profitable, and what can I do about it?" The conversation covers crucial aspects such as analyzing profit and loss statements, managing operating expenses, renegotiating with vendors, and optimizing revenue streams. They also discuss the importance of collecting accounts receivables on time. Get actionable tips to help your business achieve financial stability and growth. Tune in to master your money and transform your financial future!

Subscribe on YouTube for the latest from Mills Knows Bills:

https://youtube.com/@MillsKnowsBills

To connect with Jen:

Jen@MillsKnowsBills.com

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to The Mills Knows Bills Podcast

01:04 Special Guest Introduction: Jen Fizer

02:06 "Why Is My Company Not Profitable?"

03:55 Strategies to Improve Profitability

07:12 Accounts Receivables and Profitability

09:51 Conclusion and Contact Information

#financialpodcast #millsknowsbills #entrepreneurialfinance #smallbusiness #variableincome #businessprofit #profitability

Tax Traps to Avoid as Business Owners | The Mills Knows Bills Podcast Season 4 Premiere

Link to video podcast episode: https://youtu.be/tQd0BD-mczM

Welcome back to The Mills Knows Bills Podcast! Let's get to those burning financial questions.

In this season 4 premier episode, host Mills Bender welcomes Paul Childers, owner of Blue Sky Biz Solutions, to discuss the importance of showing profit in a business and avoiding common tax traps. They dive into business credit, why it matters, and how to build it effectively. Learn strategies to manage taxes, protect personal assets, and obtain better financing to scale your business. Tune in to gain insight into mastering your fluctuating income and achieving both personal and professional financial goals!

To connect with Paul:

https://blueskybizpro.com/

https://www.facebook.com/paul.childers.731

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe on YouTube for the podcast episodes and more from Mills Knows Bills: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

00:53 Season Four Kickoff with Paul Childers

01:22 Understanding Business Credit and Taxes

03:11 Importance of Showing Profits

05:36 Building and Leveraging Business Credit

07:27 How to Improve Your Business Credit Score

08:12 Conclusion and Contact Information

#financialpodcast #MillsKnowsBills #businesscredit #businesstaxes #entrepreneurialfinance #creditscore